Israel PMI June 2021

Israel

Israel: Manufacturing PMI drops in June

July 15, 2021

The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), fell from 56.1 in May to 51.5 in June. Consequently, the index remained above the 50-threshold, signaling an improvement in business conditions from the previous month.

June’s reading was driven by a sharp deterioration in export orders, potentially linked to supply chain disruptions and higher transport costs. Local orders also lost steam amid an uptick in domestic Covid-19 cases.

FocusEconomics Consensus Forecast participants expect fixed investment to increase 6.1% in 2021, down 1.5 percentage points from last month’s forecast. For 2022, our panelists expect fixed investment to expand 4.5%.


Author:, Economist

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Israel PMI June 2021

Note: Bank Hapoalim Purchasing Managers’ Index. Readings above 50 indicate an improvement in manufacturing business conditions while readings below 50 indicate a deterioration.
Source: Bank Hapoalim and IPLMA.


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